Recent New York Appellate Decision Highlights That Cannabis Companies Going Public are Subject to Typical Securities Litigation Risks—and Defenses
The Blunt Truth
MARCH 15, 2021
As highlighted in the recent New York State Appellate Court decision In The Matter of Sundial Growers, Inc. The complaint at issue was filed in New York State court in September 2019, shortly after the IPO. New York, in particular, has experienced a high volume of Securities Act filings in its state courts.
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